NOT LISTED FOR SALE

Estimated Value: $401,000 - $402,124

4 Beds
2 Baths
1,740 Sq Ft
$231/Sq Ft Est. Value

Last Sold July 05, 2022

Last sale price $415,000 $239 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,449/month

8 Days on Market

Highlights

  • Territorial View
  • Fenced Yard
  • Dining Area
  • West Albany High School Rated 9+
  • High Speed Internet
  • Carpet

About This Home

As of July 2022

Heads up investors! Under rented duplex in the desirable SW location. 1118 has been rented for $1500 per month since December 2021 and 1114 has been rented for $925 since July 2019. Rents were not increased during Covid, providing a unique opportunity for upside! Both sides feature 2 bedrooms, 1 bath, nice sized kitchen and a fenced back yard. Washer & dryer hook ups on each side.

Last Listed By

Brian Weinhold

VANGUARD REALTY GROUP License #200510090 Listed on: 05/09/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,398

Year Built

  • Built in 1940

Lot Details

  • 3,920 Sq Ft Lot
  • Fenced Yard

Home Design

  • Duplex
  • Composition Roof
  • T111 Siding

Interior Spaces

  • 1,740 Sq Ft Home
  • Dining Area
  • Territorial Views
  • Gas Range
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating Available
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Block 102

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $756
  • Maintenance Expense $1,500
  • Net Operating Income $23,352

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,398

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Home Warranty: Negotiable
  • Range Facility: Electric, Gas
  • Syndicated Remarks: Heads up investors! Under rented duplex in the desirable SW location. 1118 has been rented for $1500 per month since December 2021 and 1114 has been rented for $925 since July 2019. Rents were not increased during Covid, providing a unique opportunity for upside! Both sides feature 2 bedrooms, 1 bath, nice sized kitchen and a fenced back yard. Washer & dryer hook ups on each side.
  • Cross Street: SW 11th Aveue
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Exclusions: Personal Property
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 238.51
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 241.38

Exterior Features

  • Exterior Color: Grey
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Roof: Composition
  • Siding: Composite
  • Siding Style: T111
  • View: Territorial

Utilities

  • Heating: Electric
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric
  • Insurance: 756
  • Sewer: City

Condo/Co-op/Association

  • Maintenance: 1500
  • Mgmt Acct: 2037

Schools

  • Elementary School: Central
  • Middle School: Memorial
  • High School: West Albany

Lot Info

  • Acres: 0.09
  • Estimated Lot Sq Ft: 3920
  • Price Per Acre: 4666666.67
  • Zoning: HM
  • Geo Subdivision: OR

Multi Family

  • Net Income: 23352
  • Gross Sched Income: 29100
  • Number Of Units: 2

Tax Info

  • Tax Account Number: 0135737
  • Tax Amount: 2398

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2022
Closed on
Jul 1, 2022
Sold by
Advantage Equities 16419 Llc
Bought by
Norvell Carey L
Seller's Agent
Brian Weinhold
VANGUARD REALTY GROUP
Buyer's Agent
Robert Wentland
KELLER WILLIAMS REALTY MID WILLAMETTE
List Price
$420,000
Sold Price
$415,000
Premium/Discount to List
-$5,000
-1.19%
Total Days on Market
8
Current Estimated Value
$401,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,438
Avg. Annual Appreciation
-0.61%
Original Mortgage
$380,550
Outstanding Balance
$366,092
Interest Rate
5.25%
Mortgage Type
VA
Estimated Equity
$41,755

Purchase Details

Closed on
Mar 23, 2020
Sold by
D4 Investments Llc
Bought by
Donne Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2019
Sold by
Donne Brian
Bought by
D4 Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 24, 2014
Sold by
Smith Dennis Scott
Bought by
Donne Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Norvell Carey L $415,000 Ticor Title
Donne Brian -- Ticor Title
D4 Investments Llc -- First American Title
Donne Brian $105,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Norvell Carey L $380,550
Previous Owner Donne Brian $200,000
Previous Owner D4 Investments Llc $550,000
Previous Owner Donne Brian $116,000
Previous Owner Donne Brian $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2022 07/05/22 Sold $415,000 -1.2% $239 / Sq Ft
05/09/2022 05/09/22 For Sale $420,000 -- $241 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,664 $133,860 -- --
2023 $2,589 $129,970 $0 $0
2022 $2,548 $126,190 $0 $0
2021 $2,398 $122,520 $0 $0
2020 $2,366 $118,960 $0 $0
2019 $2,311 $115,500 $0 $0
2018 $2,251 $112,140 $0 $0
2017 $2,185 $108,880 $0 $0
2016 $2,037 $105,710 $0 $0
2015 $1,999 $102,640 $0 $0
2014 $1,950 $99,660 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 792248

Willamette Valley MLS

APN: 0135737